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| J&K going bankrupt | | Treasuries dry up; liabilities shoot up, contractors fuming | | Early Times Report
SRINAGAR, July 14: Developmental works have come to grinding halt as treasuries across Kashmir have liability of more than Rs. 500 crore due to which the participation in tendering process has considerably come down.
Non-availability of funds at Government treasuries across Jammu and Kashmir has resulted in financial crisis and claimant across the state are paying huge price for the inefficiency of the Government in getting the annual plan released from the Planning Commission of India.
Sources in the Civil Secretariat told Early Times today that the State Planning and Finance Departments have failed in meeting the conditions laid down for the timely release of plan. "There is total chaos in Planning and Finance Departments and the concerned Ministers of the two departments are totally insensitive," said a senior official on the conditions of not to be named. He said both Finance and Planning Ministers seem to be lost in confusion.
Sources said that there is a set procedure and the state Government was under an obligation to fulfil all the requirements in order to avoid inordinate delay in release of annual plan. "We know how our bureaucrats work, it was actually responsibility of political establishment to ensure timely submission of requisite papers like utilization certificates and press for timely release of funds," officials said.
Official said that it is actually the money, being released under some centrally sponsored schemes, which keep the wheels rolling while as the developmental works under state plan are suffering for want of money. Sources said that though the flow of funds under centrally sponsored schemes is not on requisite pace due to procedural hiccups, however, it has not been completely stopped as is the case with the plan.
Sources said, what is, however, more worrying is that the state has to go to the elections in October this year and the enforcement of Model Code of Conduct by the Election Commission of India will have a serious implication on the spending even if the plan is released.
The delay in approval of the plan is already showing its impact as the non-availability of funds at Government treasuries has left Government employees and contractors fuming. A treasury officer on condition of anonymity said that treasuries across Kashmir are having liabilities of more than Rs 500 crore owing to which Government employees, pensioners and contractors are suffering for release of their dues.
"Daily wagers aside, even the permanent employees from Social Welfare, Education Department, Urban Local Bodies, and ISM staff are without salaries," he said. |
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